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 Posted: Mon Aug 18, 2008 10:16 am Subject: DEBT |
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Me and my husband have a lot of debt, it is mainly him from before we got together but now they are hitting us hard and we cant afford it and we are considering bankruptcy but we REALLY dont want to do that
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kisha_mcculley
Joined: 18 Aug 2008
Posts: 1
Debtcc Points: 31
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| Posted: Mon Aug 18, 2008 10:21 am Subject: |
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Normally I would suggest doing a Debt Management Plan if you can afford it.
However if you are overextended and con`t afford your minimum payments and can't afford a dmp than you may want to consider a debt settlement program.
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mobile0311
Joined: 05 May 2008
Posts: 1381
Debtcc Points: 7308
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| Posted: Mon Aug 18, 2008 4:02 pm Subject: |
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Did you sign up for a fee debt consult from this site, if not you are entitled to one as a member, call the toll free number or click on the top right button to speak to someone and they can help you and perhaps offer some advice.
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ladybug
Joined: 29 May 2007
Posts: 2759
Debtcc Points: 24754
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| Posted: Mon Aug 18, 2008 6:59 pm Subject: Debt |
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debt negotiation is the way to go. I have been researching how my wife and I can get out of our 55K credit and 230k Student Loan.
We were going to file chapt 13, but after researching, debt negotiation is really the way to go. You can have a company do it for you for several thousand dollars, or you can do it yourself. There is a company that assist you to do it yourself, zipdebt.com. But apparently all the info you need is at this site under:
http://www.debtconsolidationcare.com/steps.html
They have sample letters for you to use.
Another helpful site is:
http://www.savingadvice.com/
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drjeffdougal
Joined: 18 Aug 2008
Posts: 1
Debtcc Points: 18
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| Posted: Tue Aug 19, 2008 7:30 am Subject: |
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Both debt settlement and debt management are good programs. It really depends on your budget. Debt settlement is a hardship program for people who are overextended , can`t afford the minimums , can`t afford a dmp payment and don`t want to file for bankruptcy. You will have a big impact on your credit , plus you will deal with a ton of harassing calls from creditors and risk of lawsuit. Don`t get me wrong, I like settlement but I suggest it be your last option before bankruptcy. Trust me look in a DMP first.
_________________
Scammed ? File complaints at these links
FBI
FTC
State Attorney Generals
www.bbb.org
Losing doesn't make me want to quit. It makes me want to fight that much harder. - Paul "Bear" Bryant
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mobile0311
Joined: 05 May 2008
Posts: 1381
Debtcc Points: 7308
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